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Chubb Investigating Possible Cyber Attack; Says Network Unaffected
News – Insurance Journal Mar 27, 2020 | 09:30 amChubb confirmed that is looking into a possible hack attack, though a spokesperson said the insurance giant’s network appears at this point to be unaffected. “We are currently investigating a computer security incident that may involve unauthorized access to data[…]
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Owner of WWII-Era Bomber Prohibited from Carrying Passengers After Connecticut Crash
News – Insurance Journal Mar 27, 2020 | 09:18 amThe Federal Aviation Administration revoked a foundation’s permission to carry passengers aboard its World War II-era planes after a deadly crash in October. The agency cited safety concerns in its decision to prohibit the Collings Foundation from chartering its historic[…]
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Judge Declines to Dismiss Class-Action Suit Against New Hampshire Gun Manufacturer
News – Insurance Journal Mar 27, 2020 | 09:13 amA judge has denied a motion to dismiss a class-action lawsuit against New Hampshire based gun manufacturer SIG Sauer. Judge Joseph Laplante found Monday that Derick Ortiz, who filed the lawsuit in September, had adequately proved his standing for litigation,[…]
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Aetna Waiving Patient Co-Pays for Coronavirus Hospital Stays
News – Insurance Journal Mar 27, 2020 | 09:07 amOne of the nation’s biggest health insurers is waiving patient payments for hospital stays tied to the coronavirus. CVS Health’s insurer Aetna said Wednesday that many of its customers will not have to make co-payments or other forms of cost[…]
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Employers Deploy Spy Software to Monitor At-Home Workers
News – Insurance Journal Mar 27, 2020 | 08:44 amThe email came from the boss. We’re watching you, it told Axos Financial Inc. employees working from home. We’re capturing your keystrokes. We’re logging the websites you visit. Every 10 minutes or so, we’re taking a screen shot. So get[…]
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Lloyd’s Faces COVID-19 Claims from Multiple Insurance Lines, Says CEO Neal
News – Insurance Journal Mar 27, 2020 | 08:23 amLloyd’s insurers face COVID-19 related claims from approximately 14 categories of insurance, said Chief Executive Officer John Neal during a media call to discuss the market’s 2019 results. Neal said it is too early for the market to assess the[…]
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Blenheim Gets Initial Approval from Lloyd’s to Launch New Managing Agency
News – Insurance Journal Mar 27, 2020 | 06:41 amBlenheim Underwriting announced it has been granted ‘approval in principle’ by the Lloyd’s board to establish a new managing agency. Blenheim said it can now submit an application to the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA)[…]
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China’s Factories Hit with 2nd Blow from Coronavirus as External Demand Drops
News – Insurance Journal Mar 27, 2020 | 05:28 amSince last week, emails from foreign clients have been flooding into export manager Grace Gao’s in-box, asking to delay orders already made, putting goods ready to be shipped on hold until further notice, or asking for payment grace periods of[…]
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Former Lloyd’s CEO Beale to Become Chair of South Africa’s Mediclinic
News – Insurance Journal Mar 27, 2020 | 05:06 amMediclinic International Plc has appointed former chief executive of Lloyd’s of London, Inga Beale, as an independent non-executive director and its next chairwoman, the company said on Friday. Beale will succeed Chairman Edwin Hertzog after his retirement on July 22,[…]
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COVID-19 Quarantined Doctors Turn to Telemedicine to Keep Seeing Patients
News – Insurance Journal Mar 27, 2020 | 03:56 amMarie-Pascale Schuller started feeling sick last week. The 57-year-old doctor specializes in respiratory illnesses, and she had a strong suspicion as to what her fever, cough and aches meant. She wanted to keep seeing patients without the risk of exposing[…]
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Florida Insurers Omega, Tower Hill Select to Merge into Tower Hill Signature
News – Insurance Journal Mar 27, 2020 | 03:10 amA proposed merger of Florida-based insurers Omega Insurance Co. and Tower Hill Select into Tower Hill Signature Insurance Co. has been approved by Florida regulators. The Florida Office of Insurance Regulation approved the merger March 25 following a complete review,[…]
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West Virginia Nursing Home Now ‘Ground Zero’ for Virus
News – Insurance Journal Mar 27, 2020 | 02:13 amA West Virginia nursing home with at least 20 coronavirus cases has become “ground zero” for the state’s growing virus caseload, officials said Wednesday. Carl Shrader, medical director for the Sundale nursing home in Morgantown, said 16 residents and four[…]
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Just in California Announces Telematics Product for Low-Income Drivers
News – Insurance Journal Mar 27, 2020 | 01:00 amLos Angeles, Calif.-based Just Auto Insurance Inc. has launched a telematics-based auto insurance for lower income consumers. Just’s pricing model is based on an in-house telematics model, which uses data from more than 12,000 drivers. The firm says it will[…]
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Home Health Providers at ‘Breaking Point’ as Coronavirus Ups Demand, Saps Supplies
News – Insurance Journal Mar 27, 2020 | 00:49 amHome healthcare providers, the lifelines to 12 million vulnerable Americans, are scrambling to decide how to serve patients who show symptoms of coronavirus — and how to ensure that the providers themselves neither catch nor spread it. A Texas-based company[…]
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New York Court Rules Gig Drivers Are Employees Eligible for Unemployment Benefits
News – Insurance Journal Mar 27, 2020 | 00:06 amDrivers for the online food delivery service Postmates Inc. are employees who are eligible for state unemployment insurance, New York’s top court has ruled. The ruling upsets the “gig” business model of courier service Postmates and other platforms like transportation[…]
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Will Recognition of Cannabis as ‘Essential Business’ Change the Insurance Landscape for the Industry?
News – Insurance Journal Mar 26, 2020 | 15:39 pmIt’s not just toilet paper and hand sanitizer people have been stocking up on during the COVID-19 crisis. Inventory levels at adult use cannabis stores in the U.S. showed a quick decline after the COVID-19 crisis began, as what was[…]
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Disaster Aid Available for Tennessee Small Businesses Affected by Virus Outbreak
News – Insurance Journal Mar 26, 2020 | 12:56 pmTennessee small businesses that have been economically harmed as a result of the coronavirus outbreak can apply for U.S. Small Business Administration disaster loans, the state said. Small businesses and nonprofit organizations are eligible to apply for economic injury disaster[…]
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In Suit, Nurse Says Chicago Hospital Fired Her for Warning About Masks
News – Insurance Journal Mar 26, 2020 | 12:28 pmA former nurse is suing a Chicago hospital for allegedly firing her in retaliation for warning colleagues that masks provided by the hospital to treat COVID-19 patients would not sufficiently protect them from contracting the disease. Lauri Mazurkiewicz contends in[…]
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Favorable Flood Forecast Offers Relief to Parts of Minnesota
News – Insurance Journal Mar 26, 2020 | 12:25 pmWhile leaders in Fargo and Moorhead, Minnesota, have been taking steps to limit the coronavirus, it appears they won’t have to deal with a significant flood on top of the pandemic. Fargo Mayor Tim Mahoney tells KFGO radio that a[…]
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Man Dies in Accident at Tyson Meats Plant in Kansas
News – Insurance Journal Mar 26, 2020 | 12:24 pmA 30-year-old Garden City man died at a Tyson Fresh Meats plant in western Kansas, authorities said. Kendrick Gregory was doing maintenance work on an assembly line early Monday at the plant in Garden City when he was injured, the[…]
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